Common use of Minimum Limits Clause in Contracts

Minimum Limits. At all times during the Term and for a period of two (2) years after termination of this Agreement for any coverage maintained on a “claims-made” or “occurrence” basis, TRMC and/or its Carrier (if applicable) shall maintain at their expense the below listed insurance in the amounts specified below which are minimum requirements. TRMC shall require that Carrier cause all of its contractors providing authorized drivers or authorized vehicles, to carry such insurance, and TRMC shall be liable to TLO for their failure to do so. Such insurance shall provide coverage to TLO and such policies, other than Worker’s Compensation Insurance, shall include TLO as an Additional Insured. Each policy shall provide that it is primary to and not contributory with any other insurance, including any self-insured retention, maintained by TLO (which shall be excess) and each policy shall provide the full coverage required by this Agreement. All such insurance shall be written with carriers and underwriters acceptable to TLO, and eligible to do business in the states where the Terminals are located and having and maintaining an A.M. Best financial strength rating of no less than “A-” and financial size rating no less than “VII”; provided that TRMC and/or the Carrier may procure worker’s compensation insurance from the state fund of the state where the Terminal(s) are located. All limits listed below are required MINIMUM LIMITS:

Minimum Limits. At all times during the Term of this Agreement and for a period of two (2) years after termination of this Agreement for any coverage maintained on a “claims-made” or “occurrence” basis, TRMC Customer and/or its Carrier Carrier(s) (if applicable) shall maintain at their expense the below listed insurance in the amounts specified below which are minimum requirementsbelow, or as may be agreed pursuant to a Terminal Service Order. TRMC Customer shall require that Carrier cause all of its contractors providing authorized drivers or authorized vehicles, to carry Carriers provide such insurance, and TRMC Customer shall be liable to TLO Provider for their its failure to do so. Such insurance shall provide coverage to TLO Provider and such policies, other than Worker’s Compensation Insurance, shall include TLO Provider as an Additional Insured. Each policy shall provide that it is primary to and not contributory with any other insurance, including any self-insured retention, maintained by TLO Provider (which shall be excess) and each policy shall provide the full coverage required by this Agreement. All such insurance shall be written with carriers and underwriters acceptable to TLOProvider, and eligible to do business in the states where the Terminals are located and having and maintaining an A.M. Best financial strength rating of no less than “A-” and financial size rating no less than “VII”; provided that TRMC Customer and/or the Carrier Carrier(s) may procure worker’s compensation insurance from the state fund fund(s) of the state state(s) where the Terminal(s) Terminals are located. All limits listed below are required MINIMUM LIMITS: